Salt Lake City’s Investment Sales Reach Another Record-Setting Year

investmentSALT LAKE CITY, Jan. 20, 2016 – Cushman & Wakefield/Commerce today announced that 2015 was a record-setting year for investment sales, with nearly $1.9 billion in total volume, just edging above the $1.8 billion record set in 2014.

Apartments had another record-setting year leading all property types with 53 transactions totaling nearly $707.1 million. The largest transaction was The Crossing at Daybreak, a 315-unit complex selling for an estimated $56 million.

Despite the average transaction size decreasing in 2015 from 2014 as there were no sales in excess of $75 million, the total number of transactions increased dramatically from 170 in 2014 to 216 in 2015.

“With a number of trophy assets changing hands in 2014, such as the sale of 222 S. Main, buyers in 2015 were left looking at mid-level investments, resulting in more transactions,” said Kip Paul, executive director – investment sales with Cushman & Wakefield/Commerce.

As the fed continues to influence interest rates, cap rates are expected to tick upward. However with demand remaining strong, any increase in cap rates are expected to be moderate. The stock markets turbulent fluctuations are turning many investors to commercial real estate. Expect to see strong activity continue in 2016.

See the attached infographic for additional details.

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About Cushman & Wakefield/Commerce

Cushman & Wakefield /Commerce, headquartered in Salt Lake City, Utah is an independently owned and operated member of the Cushman & Wakefield Alliance, with offices throughout Utah, Nevada, Washington and Idaho. The firm partners with its sister company, Cushman & Wakefield /NorthMarq to provide innovative commercial real estate solutions to occupier and investor clients, offering transaction services, capital markets services, occupier and investor services, and real estate advisory.

Together the firms manage more than 52 million square feet of retail, industrial, and office assets, have annual revenues of more than $100 million, and employ more than 750 professionals. Learn more at  www.comre.com,  and  www.cushwakenm.com. Cushman & Wakefield/Commerce and Cushman & Wakefield /NorthMarq are part of the Cushman & Wakefield platform.

About Cushman & Wakefield

The successful merger of Cushman & Wakefield and DTZ closed September 1, 2015. The firm now operates under the iconic Cushman & Wakefield brand and has a new visual identity and logo that position the firm for the future and reflect its trusted global legacy and wider history. The new Cushman & Wakefield is led by Chairman & Chief Executive Officer Brett White and Global President Tod Lickerman. The company is majority owned by an investor group led by TPG, PAG, and OTPP.

Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. The firm’s 43,000 employees in more than 60 countries provide deep local and global insights that create significant value for occupiers and investors around the world. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $5 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.


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